Articles with tag rba


Charging for credit and debit card use may become the norm under new rules

New standards start in September.

Posted Thu 30/06/2016 12:00:00 / Read More »

How the ACCC will enforce excessive surcharges ban on large merchants

Ban introduced in September.

Posted Fri 27/05/2016 12:00:00 / Read More »

Surcharging: RBA applies stick, but more regulatory repair needed

Gouging green light goes red.

Posted Thu 26/05/2016 12:00:00 / Read More »

RBA reveals Australia’s colourful new $5 note

Vending machine owners shudder.

Posted Tue 12/04/2016 12:00:00 / Read More »

Australian cash hoarding and counterfeiting up, says RBA

Hard currency still in demand.

Posted Tue 23/02/2016 12:00:00 / Read More »

No plans to kill-off cheques yet: Reserve Bank

Repetition of UK bungle avoided.

Posted Tue 23/02/2016 12:00:00 / Read More »

Good news and bad greets modest CPI increase for June 2014 quarter

The announcement today of a modest rise in the Consumer Price Index (CPI) is likely to lead to the Reserve Bank (RBA) keeping interest rates on hold on the first Tuesday of next month (August), according to leading analysts and economist.

Posted Wed 23/07/2014 12:00:00 / Read More »

RBA governor Glenn Stevens sees overall sentiment lifting

There is evidence the economy is starting to pick up, according to the Reserve Bank of Australia governor Glenn Stevens who spoke at Citi's 5th Annual Australian and New Zealand Investment Conference in Sydney on Monday.

Posted Tue 29/10/2013 12:00:00 / Read More »

RBA extends payment network selection to include eftpos

Reserve Bank of Australia together with Australia's three major debit card networks - eftpos, MasterCard and Visa - have come to a voluntary agreement over dual-network debit cards.

Posted Fri 23/08/2013 12:00:00 / Read More »

Unchanged cash rate leaves retailers frustrated

The Reserve Bank's decision to hold interest rates have left many retailers frustrated as they continue to face excessive rises in business costs.

Posted Tue 02/07/2013 12:00:00 / Read More »

Retailers relieved with RBA's rate cut

Retailers have welcomed the Reserve Bank’s decision to cut interest rates by a further 25 basis points down to 3.25 per cent.

Posted Tue 02/10/2012 12:00:00 / Read More »

Cash rate remains unchanged

As predicted by most analysts, the Reserve Bank has left the cash rate at 3.5 per cent.

Posted Tue 07/08/2012 12:00:00 / Read More »

Cash rate on hold at 4.25%

While there were speculations that the Reserve Bank would cut the cash rate following two previous drops in November and December, its been left unchanged at 4.25 per cent.

Posted Tue 07/02/2012 12:00:00 / Read More »

RBA drops cash rate by 0.25%

The RBA has come to retailers' rescue in time for the most important retail trading period of the year after announcing a 0.25 per cent reduction in the cash rate.

Posted Wed 02/11/2011 12:00:00 / Read More »

Cash rate left unchanged

The RBA has decided to leave the cash rate at a steady 4.75 per cent.

Posted Tue 04/10/2011 12:00:00 / Read More »

Call for cut to cash rate dismissed

The cries of retailers to cut interest rates have been left unheard as the RBA has decided to leave it unchanged at 4.75 per cent.

Posted Tue 06/09/2011 12:00:00 / Read More »

RBA holds rate at 4.75%

Both the NRA and the ARA have described the news as an extra break the sector needs to continue the recovery after a soft couple of years and a disastrous few months.

Posted Wed 03/08/2011 12:00:00 / Read More »

Retailers rejoice after interest rates kept on hold

The National Retail Association has praised the Reserve Bank of Australia after it announced a decision to keep rates on hold for another month.

Posted Wed 06/07/2011 12:00:00 / Read More »

Growth of debit over credit linked to drop in consumer sentiment

New figures revealing consumers are cautious about spending in Australia are reflected in the increase in preference for debit over credit card use, according to eftpos Australia Payments Limited manager Bruce Mansfield.

Posted Fri 17/06/2011 12:00:00 / Read More »

No rate rise means happy retailers

There’s a sigh of relief among Australian retailers as the Reserve Bank of Australia has decided to hold the cash rate unchanged at 4.75 per cent.

Posted Tue 07/06/2011 12:00:00 / Read More »

Cash rate held for the fifth time

his news has been welcomed by both the ARA and the NRA that have suggested keeping the cash rate stable for retailers as to continue their recovery.

Posted Thu 05/05/2011 12:00:00 / Read More »

Cash rate stable, retailers welcome results

The Reserve Bank of Australia has confirmed that the interest rate will remain unchanged at 4.75 per cent where it has been since last November.

Posted Wed 06/04/2011 12:00:00 / Read More »

It's card over cash, RBA says

This is what the RBA found during its initial consultations for its strategic review of the payments innovation, which is due for release mid-year.

Posted Thu 31/03/2011 12:00:00 / Read More »

Talks for a level playing field for eftpos

In a recent meeting, the Payments System Board of the RBA discussed date reporting requirements imposed by international card schemes on some transactions through the eftpos system, and brand fees imposed by one scheme on those transactions.

Posted Mon 28/02/2011 12:00:00 / Read More »

Retailers on banks' watch list

This was highlighted as part of the RBA’s submission to a federal parliamentary inquiry into small and medium business access to finance.

Posted Thu 10/02/2011 12:00:00 / Read More »

Online shopping on the rise

The RBA said that the number of inbound postal items delivered through the Australia Post network suggests there's been a growth in online purchases from overseas.

Posted Mon 07/02/2011 12:00:00 / Read More »

Uneasy outlook for Christmas

The RBA has decided to raise the cash rate by 0.25 per cent to 4.75 per cent just before the Christmas trading period begins.

Posted Wed 03/11/2010 12:00:00 / Read More »

Banks need to hold off rate rise

The speculation and the uncertainty of rate rises can have a negative impact on retailers, NRA executive director Gary Black said.

Posted Wed 06/10/2010 12:00:00 / Read More »

Stronger dollar, cheaper goods

Over the last few weeks the Australian dollar has been steadily increasing following the country's recovery of the global financial crisis.

Posted Thu 30/09/2010 12:00:00 / Read More »

Retailers demand a straight answer

Despite the Reserve Bank Australia's (RBA) earlier announcement this week that it will not be increasing interest rates, there is still a lot of uncertainty.

Posted Thu 09/09/2010 12:00:00 / Read More »

Hope for retail recovery as RBA keeps rates on hold

The Reserve Bank of Australia's decision to leave the official cash rate unchanged at 4.5 per cent for the third month will give struggling retailers a glimmer of hope for retail trade recovery.

Posted Fri 06/08/2010 12:00:00 / Read More »

Relief for retailers as interest rates remain at 4.5 per cent

Keeping interest rates stable will give retailers breathing room to build on recent small gains in the sector.

Posted Thu 08/07/2010 12:00:00 / Read More »

March retail sales rise 0.3%

Australian Bureau of Statistics (ABS) retail trade figures released today show a 0.3 per cent growth in March sales as a result of an early Easter four day break.

Posted Thu 06/05/2010 12:00:00 / Read More »

Sixth rate hike to further decrease retail spend

The Reserve Bank of Australia (RBA)'s sixth 25 point interest rate rise since October last year is devastating news for retailers, who are still struggling to cope with reduced consumer demand.

Posted Wed 05/05/2010 12:00:00 / Read More »

Rate rise to stall retail recovery and cost jobs

Retailers will feel the brunt of the Reserve Bank of Australia's fifth 25 point interest rate rise since October last year, taking the cash rate to 4.25 per cent after dismal retail trade continued in February.

Posted Fri 09/04/2010 12:00:00 / Read More »

Slide in retail sales expected

Australian retail sales remained relatively flat over the month of February, according to the latest Commonwealth Bank Business Sales Indicator.

Posted Sat 20/03/2010 12:00:00 / Read More »

Retailers feel let down by RBA rate rise

Retailers will feel the brunt of the fourth 25 point interest rate rise since October last year, taking the cash rate to four per cent after an unhealthy post-Christmas sales season.

Posted Fri 05/03/2010 12:00:00 / Read More »

Consumer Sentiment's surprise fall in February

The Westpac-Melbourne Institute Consumer Sentiment Index fell by 2.6 per cent in February from 120.1 in January to 117 in February.

Posted Wed 10/02/2010 12:00:00 / Read More »

Retail sales down 0.7 per cent

The latest ABS retail trade figures show that sales in December fell 0.7 per cent compared with a rise of 1.5 per cent the previous month.

Posted Thu 04/02/2010 12:00:00 / Read More »

Retailers' relief at unchanged interest rates

The RBA's decision to hold interest rates at 3.75 per cent will give retailers a chance to post consistent growth after a year of difficult and irregular trade.

Posted Wed 03/02/2010 12:00:00 / Read More »

Consumer sentiment continues to rise in January

Consumer confidence is continuing its surge, with the Westpac-Melbourne Institute Index of Consumer Sentiment increasing by 5.6 per cent in January to 120.1 from 113.8 in December.

Posted Wed 20/01/2010 12:00:00 / Read More »

Three rate rises set to cut Christmas spending

Retailers will feel the brunt of the third successive interest rate rise as consumers will be spending less this Christmas.

Posted Wed 02/12/2009 12:00:00 / Read More »

Consumer sentiment index falls, confidence still high

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 2.5 per cent in November to 118.3 from 121.4 in October.

Posted Fri 13/11/2009 12:00:00 / Read More »

Retailers don't approve of RBA's interest rate rise

The Reserve Bank's decision to raise the official cash rate by 25 points to 3.25 per cent has not been received well by retailers.

Posted Wed 07/10/2009 12:00:00 / Read More »

RBA holds rates as economy stabilises

The Reserve Bank of Australia has left the official cash rate unchanged at three per cent with signs of emerging confidence and stability in the economy.

Posted Wed 03/06/2009 12:00:00 / Read More »

RBA holds rate at 3 per cent as retailers wait for stimulus package effect

The Reserve Bank of Australia has left the interest rate unchanged at three per cent today and foresees no other rate cut until after the June quarter inflation numbers are released in July.

Posted Tue 05/05/2009 12:00:00 / Read More »

Retailers welcome responsible rate cut

The Australian Retailers Association said the Reserve Bank of Australia was acting with responsible caution by reducing the cash rate by 25 basis points.

Posted Tue 07/04/2009 12:00:00 / Read More »

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